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It appears 2020 TurboTax Business has not updated input for the TD9918 Final regulations (Sept 2020) for reporting "Excess distributions upon termination" - 67(e) expenditures. These amounts should flow through to Box 11, Code A. How do you designate "Other Deductions" as 67(e)? Also how can you add a description to Box 11, Code B - as required by the IRS?
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The 1041 module of TurboTax Business will populate Line 11, Code A from entries in the Trustee fees and Professional, accounting, and tax prep fees sections in Step-by-Step Mode.
The module will populate Line 11, Code B from entries in the Taxes and Other deductions sections in Step-by-Step Mode (and also investment interest expense).
You can add a miscellaneous statement for Line 11, Code B in Forms Mode.
The "Other Deductions" can also qualify as 67(e) which should be reported on Line 11, Code A per IRS code and instructions. How can I enter "Other Deductions" and have it be reflected on Line 11, Code A and not Code B (which it is doing now) - Reference Final Regulations TD9918.
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